Payment Frequency Analyzer

When evaluating how you want to pay your mortgage you generally have 6 options. You can pay your mortgage monthly, semi-monthly, bi-weekly, accelerated bi-weekly, weekly, and accelerated weekly. Click here for the definitions. Your cash flow and your financial goals should dictate how you want to pay your mortgage. This calculator will help you understand the impact of the different payment frequencies and assist you in making your decision.

Simply enter your mortgage information and change the payment frequencies to evaluate the differences. The last column allows you to select both the payment frequency and the amount of the payment. The payment amount must be higher than the lowest available payment for the frequency and amortization selected. Change the term to 1 year if you want to evaluate for a 1 year period only.